Deutsche Bank pays A$2m for misreporting 260,000 OTC transactions

ASIC believes that the bank failed to take all reasonable steps to accurately report the data.

Deutsche Bank has been fined approximately $1.4m (A$2m) by Australian authorities for misreporting over 260,000 over the counter (OTC) derivative transactions.

The Australian Securities and Investment Commission (ASIC) said in a statement that it had reasonable grounds to believe that the bank “failed to take all reasonable steps to accurately report” the direction fields data for 20,483 outstanding transactions and 244,091 terminated or matured transactions across 208 separate business days.

The direction fields data indicate whether the reporting entity is acting as the buyer or seller of a transaction at a specified price.

The flagged transactions are related to foreign exchange and commodities OTC transactions, ASIC said in a statement on 13 July 2026.

“ASIC considers the direction data reporting failures were systemic and reflected deficiencies in Deutsche Bank’s internal reporting framework,” the statement said.

Deutsche Bank cooperated with ASIC’s investigation and has paid the penalty.

The bank is also "implementing measures to prevent further reporting errors,” ASIC said.

“Compliance with the infringement notice is not an admission of guilt or liability, and by doing so, Deutsche Bank has not taken to have contravened the ASIC Rules,” ASIC said.

(US$1 = A$1.43; as of 17 July 2026)